The Supreme Court says President Donald Trump must disclose his tax returns to New York state prosecutors. But don't expect to see the unveiling of the president's financial documents yet. 

In Trump v. Vance, the court ruled 7-2 in favor of Manhattan's district attorney, with Justices Clarence Thomas and Samuel Alito dissenting.  

Jami Floyd, WNYC’s legal editor and the host of "All Things Considered," says the ruling is a significant defeat for Trump. "It takes its place along with landmark rulings that required Richard Nixon to turn over tapes from the Oval Office and forced Bill Clinton to provide evidence in his sexual harassment suit," she said. 

The office of Manhattan DA Cyrus Vance will continue its investigation behind closed doors. 

But a second decision is more complicated. Trump v. Mazars, addressed whether or not Congressional subpoenas to obtain Trump’s financial records can be enforced. The courts decided 7-2 that Congress does have the power to subpoena the presidents records — but must first meet a four-factor test. 

Andrea Bernstein is the co-host of the WNYC Studios/ProPublica podcast "Trump, Inc" and author of the book "American Oligarchs." She says the second decision sends Congress back to the lower courts, though it does set a path forward for members of House committees to obtain the records.  

"It's unclear if we'll see it by November, which some people had hoped for," she said. "But it looks like we may actually untangle the knot of what's in these and it will tell us a lot about what's in Trump's business, which we just don't know." 

Listen to Floyd and Bernstein's full conversation with WNYC's Sean Carlson, above.